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Last Updated : Feb 14, 2019 03:39 PM IST | Source: Moneycontrol.com

Buy Dilip Buildcon; target of Rs 833: HDFC Securities

HDFC Securities is bullish on Dilip Buildcon has recommended buy rating on the stock with a target price of Rs 833 in its research report dated February 09, 2019.

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HDFC Securities' research report on Dilip Buildcon

DBL posted strong 3QFY19 Rev/EBITDA/APAT of Rs 24.9/4.4/2.1bn (+6/7/14% beat) despite only ~Rs. 100bn of the order book effectively being under execution. EBIDTA margins came in line at 17.7%. With 80-IA projects still contributing significantly, DBL reported a 6% effective tax rate.


We maintain BUY with reduced TP of Rs 833/sh (13.5x Dec-20E EPS and BOT at 1x equity invested).

For all recommendations report, click here

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First Published on Feb 14, 2019 03:39 pm